SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip a...
LONDON (Reuters) - Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in one of its most important markets. Transport for London (TfL) shocked the Silicon Valley firm last month by deeming...
LONDON (Reuters) - Britain’s campaign to force Silicon Valley to compromise on encrypted communications has received strong backing from a top U.S. government legal official, who called out tech firms for failing to balance crime-fighting demands with privacy needs. U.S. Deputy Attorney Genera...
SEOUL (Reuters) - Jay Y. Lee, the billionaire heir to South Korea’s Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. Detained over charges that he bribed for...
YOKKAICHI, Japan (Reuters) - Toshiba Corp said it is discussing joint investment in a new chip production line with Western Digital Corp - its estranged business partner after the Japanese firm chose a different suitor to buy its $18 billion semiconductor business. After a long and highly contentiou...
YOKKAICHI, Japan (Reuters) - Toshiba Corp is discussing joint investment for a new memory product line at its Yokkaichi plant with Western Digital Corp’s Sandisk, the head of the company’s chip unit said on Friday. Given competition with Samsung Electronics Co, it is best to have amicabl...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip a...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touched a fresh high of 2.74 million won soon after the ma...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices. The surprise resignation comes as Kwon was expected to take a bigger rol...
SAN FRANCISCO (Reuters) - Amazon Studio chief Roy Price was put on an immediate leave of absence Thursday, the company said, following allegations that he harassed a producer and ignored an actress’s claim of a sexual assault by producer Harvey Weinstein. The Hollywood Reporter on Thursday rep...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates, as strong memory chip prices fattened margins. The Apple Inc smartphone rival and global memory chip leader said third-...
NEW YORK (Reuters) - Equifax Inc said on Thursday that one of its third-party vendors had been running malicious code on one its web pages, but that the credit reporting agency was not the subject of another cyber attack and its systems were not compromised. Equifax had said earlier it took the affe...
(Reuters) - Electric carmaker Tesla Inc (TSLA.O) is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash. Tesla said on Thursday a small number of cables in the second row fold-fla...
Big-three consumer credit bureau Equifax says it has removed third-party code from its credit report assistance Web site that prompted visitors to download spyware disguised as an update for Adobe’s Flash Player software. Image: Randy-abrams.blogspot.com On Wednesday, security e...
Big-three consumer credit bureau Equifax says it has removed third-party code from its credit report assistance Web site that prompted visitors to download spyware disguised as an update for Adobe’s Flash Player software. Image: Randy-abrams.blogspot.com On Wednesday, security e...
(Reuters) - Amazon.com Inc (AMZN.O) said it would hire 120,000 workers in the United States this holiday season, same as last year, joining a list of U.S. retailers cautious about their hiring plans amid an improving job market. Shoppers this year will shell out more on holiday gifting, according to...
NEW YORK (Reuters) - Equifax Inc said on Thursday it has taken one of its customer help website pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of more ...
Hyatt Corp. is alerting customers about another credit card breach at some hotels, the second major incident with the hospitality chain in as many years. Hyatt said its cyber security team discovered signs of unauthorized access to payment card information from cards manually entered ...
Hyatt Corp. is alerting customers about another credit card breach at some hotels, the second major incident with the hospitality chain in as many years. Hyatt said its cyber security team discovered signs of unauthorized access to payment card information from cards manually entered ...
NEW YORK (Reuters) - Equifax Inc said on Thursday it has taken one of its customer help web pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of 145.5 mil...
